What are some of the challenges and opportunities for young Ghanaians living in Ghana?

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • #1030
    Grace Spencer
    Keymaster

    What are your thoughts on this? Please share with us!

    #1038
    Anonymous
    Inactive

    I think one of the challenges of young Ghanaians is lack of employment.There are more unemployed young people than few jobs with less opportunities to work.This brings about lack of employment.With the opportunities available,I think agriculture is a field with opportunity for young Ghanaians to venture into.

    #1048
    Anonymous
    Inactive

    One of the critical challenges for young Ghanaians is the lack of employment opportunities. Several people advocate for youth entrepreneurship development as the panacea to this challenge. However, an average graduate in Ghana completes school with either no savings or negative savings making it challenging to raise the start-up capital to begin his or her enterprise. There are emerging opportunities like the agriculture sector and digital media space which do not require huge capital. Yet, there is still the need for strategic policy to facilitate the development.

    #1061
    Anonymous
    Inactive

    One of the most difficult issues affecting young Ghanaians apart from the lack of employment opportunities is the cost of rent advances. Most landlords in Ghana, particularly in the cities, require tenants to pay a two-year rent advance. Although this is illegal, as captured in Section 25 (5) of the RENT ACT, 1963 (ACT 220), most young people commit to it as socially acceptable practice. Significantly, this is robbing the youth of capital to start their own businesses because they must always commit enormous amounts of money into renting. Even if they are able to raise this amount, which is usually in the form of loans from family and friends, they will have to pay it back over time. That is, most young people are basically working to pay their rent.
    There is a need to enforce the Rent Act to at least create financial opportunities for the youth in order for them to pursue many entrepreneurial opportunities.

Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.